Valley Bank, Brookfield Asset Management

Valley National Offloads Roughly $925M CRE Loans to Brookfield
Valley National Bancorp. VLY announced the completion of the sale of a diverse pool of performing commercial real estate (CRE) mortgage loans to Brookfield Asset Management Ltd. BAM. Details & Rationale Behind VLY’s Loan Sale The final loan pool sold by Valley National had a contractual balance of roughly $925 million,
Valley National Bank Closes on the Sale of Nearly $1 Billion of Commercial Real Estate Loans to Brookfield Asset Management
Ira Robbins, Chairman and Chief Executive Officer of Valley, commented, “The sale of this performing commercial real estate loan pool has helped to accelerate progress towards our strategic balance sheet goals.
Brookfield Buys $925M CRE Loan Portfolio From Regional Bank
Valley National Bank is selling the portfolio of property loans to Brookfield Asset Management at a roughly 1% discount of the debt's value.
Brookfield buys $1B of Valley Bank property debt
The New Jersey-based entity of Valley National Bancorp sold nearly $1 billion worth of property loans to Brookfield Asset Management, Bloomberg reported. Brookfield received 1% discount on the acquisition.
Valley National Bancorp, Brookfield Asset Management Finalize Deal for $925M in Commercial Real Estate Mortgage Loans
Valley National Bancorp closed a sale of a pool of performing commercial real estate mortgage loans to Brookfield Asset Management.
Valley National closes on sale of commercial real estate loans to Brookfield
Valley National Bancorp (VLY) announced that the Bank closed on the sale of a diverse pool of performing commercial real estate mortgage loans
Valley National Bancorp (NASDAQ:VLY) Shares Sold by Citigroup Inc.
Citigroup Inc. trimmed its position in Valley National Bancorp (NASDAQ:VLY – Free Report) by 27.5% during the third quarter, ...
Deposits at Central Florida banks remain stagnant as more branches close
Local bank deposits remain near highs, but have stagnated as branches continue to close. Check out the data on how the industry is faring.
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Valley National Bank Review 2024: Earn up to 4.80% APY on Savings Accounts
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